The number of PMJDY accounts has increased from 239.29 lacs (as on 31/03/18) to 252.88 lacs (as on 30/06/18) i.e. increase of 5.67% and outstanding balance in these accounts has also increased from Rs. 6595 crores to Rs.6868 crores, growth of 4.13%.

Zero balance PMJDY accounts have decreased from 11.53% as on 31/03/18 to 10.98% as on 30/06/18 during the quarter.

Aadhaar seeding in total PMJDY a/cs has gone up from 200.78 lacs (83.91%) (as on 31/03/18) to 215.11 lacs (85.06%) (as on 30/06/18) during the quarter.

PMJDY – Overdraft facility has been availed by 77,501 customers with outstanding balance of Rs.17.22 Cr, as compared to 79,121 customers with outstanding balance of Rs. 17.69 Cr in last quarter, reduction due to repayments.

Terms & Conditions for availing PMJDY OD

BSBD account, which is operated satisfactorily for at least six months.

OD is available to only one earning member of the family, preferably women of the house.

There should be regular credits under DBT/DBTL scheme/other verified sources.

BSBD account holder should not be maintaining any other SB account with any Bank /branch to ensure compliance with RBI directives

Age of applicant between 18 years to 60 years.

Minor i.e. customer below the age of 18 years are not eligible for OD under PMJDY.

KCC/GCC borrower is not eligible for PMJDY OD.

Customer availing PMJDY-OD facility through SMS is agreeable to repay the interest, cost, charges etc. as and when applied in the account and outstanding together with interest, cost, charges etc. in the event of termination or discontinuation of the facility. The moment customer gives consent by sending SMS, it will be taken as her/his undertaking to abide by the T&C and the same will be preserved in Bank’s System.